Sheffield Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following.

Inventory (beginning) $ 79,100

Sales revenue $418,400

Purchases 286,700

Sales returns 20,700

Purchase returns 28,600

Gross profit % based on net selling price 34 %

Merchandise with a selling price of $29,800 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,900. The company does not carry fire insurance on its inventory.

Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss $_____________